Calgon Carbon earnings up 19%

9:24 AM MDT | August 6, 2013 | Lindsay Frost

Calgon Carbon reported second-quarter net income of $13 million, up 19% year-over-year, noting the positive effects from its cost improvement program on earnings. The company reported diluted earnings of 24 cts/share, up 26% YOY, and above analyst estimates of 21 cts/share, according to Thomson Reuters (New York). Sales, however, fell 5%, to $140.4 million. The company says currency translation had a negative effect on sales for the second quarter due to a weaker yen. “We continue to make progress with our $30-million cost improvement...